Intel Corp. (NASDAQ:INTC) stock fell 23% in after-hours trading on Thursday as the company’s fourth-quarter guide disappointed investors, drawing an angry reaction from CNBC’s Jim Cramer.
” Good $INTC quarter, very challenging guide. We will have to wait until the call to get the details.
Has to be from one or all of these:1. weakening PC (see $MSFT comments)2.
scarcity of substrates 3. ” What's the point of the government taking over companies if we are going to let them miss estimates?
$INTC— Jeff Macke (@JeffMacke) October 29, 2026 Read Also: Elizabeth Warren Says Nvidia Board and Jensen Huang 'Owe Congress Answers’ Over Reported Spy Ties— Wants AI Technology Kept 'Out of China's Hands' Memory Costs Hit PC Demand Deepwater Asset Management’s Gene Munster said PC demand is the main issue, with the company pointing to high memory costs as the reason demand is slowing. He added that Intel’s weak guide should not be applied to Nvidia Corp.
which has been beating estimates despite high memory costs. Bottom line: Main issue is PC demand.
The company is calling like it is, demand is slowing because of…— Gene Munster (@munster_gene) October 29, 2026 Former BlackRock Inc. ” Intel $INTC down 19% in After Hours trading Higher memory prices from AI buildout have caused demand destruction in PCs.
They see slowdown into 1st half next year. As an aside $AAPL which also raised prices due to memory price increases reports Monday.
” $INTC had a pretty good quarter this quarter but has some questions to answer on the guide. Realistically it isn't a demand issue, but more related expanding capacity and perhaps mix shift.
co/nhl9QsUEYy— Daniel Newman (@danielnewmanUV) October 29, 2026 Futurum’s market strategist Shay Boloor noted that Intel’s CEO Lip-Bu Tan cited “extraordinary demand” for its Xeon family but named production yields, substrate shortages and an Israel factory shutdown as headwinds limiting shipments. The timing is bad, Boloor said, with Advanced Micro Devices Inc.
and Nvidia pushing deeper into server CPUs, where losing a customer today could cost years of future business. com/fa541EyrSR— Shay Boloor (@StockSavvyShay) October 29, 2026 Beats on Q3, Guides Below Estimates Intel reported third quarter earnings of 52 cents per share, which beat the consensus estimate of 40 cents by 30%, per Benzinga Pro data.
47 billion. 05 billion estimate.
87 in extended trading on the earnings announcement. Benzinga Edge rankings show Intel’s stock has a Momentum score in the 95th percentile, with a negative short- and medium-term price trend.
In the long term, the stock has a positive price trend. See More: Top Value Stocks Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
